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EUR/USD - Watch Out For Support At 2500 - Business - Nairaland

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Bull Vs Bear On EUR/USD / EUR/USD: Today’s Trading Outlook / Eur/usd 1.4317 - 5 September (2) (3) (4)

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EUR/USD - Watch Out For Support At 2500 by planbbiz(m): 7:58am On May 29, 2012
This is a critical period in the FX market, especially for intraday traders. Everything really looks bearish but 2500 is a strong support on EU, most importantly on the weekly chart. For more convincing sell off to come, EU will have to break 2500. If not, the Bulls may take over or conservatively, a consolidation might emerge.
Meanwhile, on an intraday basis, a sell off from 2555/2585 resistance region will still be valid on sighting a sell PA signal only.

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